Harare – The European Union says it welcomes Zimbabwe’s efforts to deliver economic reforms and will support the authorities in establishing a constructive re-engagement with international financial institutions.

In a statement released on Monday, the EU also said it stands ready to review its policies towards the Southern African country.“The EU welcomes the stated intention of the Zimbabwean authorities to deliver economic reforms in Zimbabwe, aiming at supporting job creation, growth and sustainable long term development, and reaffirms its willingness to support the planning and implementation of much needed structural changes and the promotion of good governance.

“In this context, the EU will support the authorities in establishing as soon as possible a constructive re-engagement with international financial institutions based on a clear and time-bound economic and political programme,” said the EU.

The EU said it stands “ready to review the whole range of its policies towards Zimbabwe at any moment to take into account the progress achieved in the country”.

The EU imposed sanctions on Zimbabwe back in 2002after the head of its election monitoring team was expelled from the Southern African country.

The then EU spokesperson, Emma Udwin, said that “all 15 EU governments agreed it was preferable to withdraw all the observers” and impose economic sanctions on Zimbabwe.

The EU has, however, been cautiously easing the sanctions over the years.

Following the change of the Zimbabwean Government, the EU is now considering its position.

“The ongoing political transition in Zimbabwe creates high expectations among all Zimbabweans and allows for the preparation and implementation of the much-needed economic reforms,” said the EU.

Zimbabwean President Emmerson Mnangagwa has been on a charm offensive and currently attending the World Economic Forum in Davos, Switzerland.